Are you worried about your family finances?
A Joined-up approach
To plan for your personal financial affairs in the most effective way, we take a joined-up approach. We consider the tax, legal and financial planning aspects of every scenario. We have partnered with a team of lawyers and independent financial advisers to bring the best possible solution.
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Value for money (VFM)
We don’t take a one size fits all approach to the way we work, nor the way we structure our fees. Some of our clients will prefer to agree to a package of support and a payment plan to the spread costs whilst others need more fluidity to call on us for extra help as they need it. We’re happy and prepared to find an approach that works for you to accomplish your goals.
Hybrid skills of owner managed business experience
Understanding You
Whatever your sector, we have the knowledge and capability to identify and understand your needs and ambitions clearly – and help you achieve them with full confidence. We are recognised as accountancy and business advisory firm in a range of key sectors. We’ve achieved this by immersing ourselves in our clients’ businesses to offer tailored and highly impactful strategic guidance.
Trading Companies
The total of stock on hand needs to be adequate to meet the daily demands of customers. However, the more money to spend of stock purchase, the less money is available to pay to start new profitable projects or other bills, which means the working capital management is an integral part of the business.
Therefore, the business owners have to actively balance between keeping sufficient stock on hand to have the enough money available to undertake new projects or paying bills. However, if the prices are set too low the business may generate more sales, but those sales will not provide sufficient profit to the expenses and the business will not be able to earn a profit. It's therefore important that the owners are able to determine a suitable price that will generate a profit and allow the business to expand in the future.
We, at MGT Accountancy can help you determine your optimum stock that should be kept in order to maximize your profitability without endangering your customer base. Go Back ↻